29 Jul 2013
The 150.00 level offers strong support to the GBP/JPY
FXstreet.com (San Francisco) - After falling more than 380 pips in the last three sessions, including a opening gap on Monday, the GBP/JPY seems to have found support at 150.00 where the pair remains attacking several times on the American session.
On Monday, the GBP/JPY lost the 151.00 position to test the 150.00 level, lowest since July 17. Now the pair is performing 0.40% negative on the day at 150.25. The short term perspective remains negative according to the FXstreet.com trend index in the 15-minute chart.
GBP/JPY technical bias
Indicators are mixed as the Momentum is pointing to the south while the CCI is bullish and the MACD and Stochastic are neutral in the 15 minutes time frame too. Below 150.00, the pair would face support at 149.75, 149.50 and 148.00. On the upside, resistances are at 150.40, 151.00 and 152.50.
According to the Forecast Poll, the GBP/JPY downside is limited as the experts believe the pair would close the week at 151.00 and it will extend gains into 152.76 in the month ahead.
On Monday, the GBP/JPY lost the 151.00 position to test the 150.00 level, lowest since July 17. Now the pair is performing 0.40% negative on the day at 150.25. The short term perspective remains negative according to the FXstreet.com trend index in the 15-minute chart.
GBP/JPY technical bias
Indicators are mixed as the Momentum is pointing to the south while the CCI is bullish and the MACD and Stochastic are neutral in the 15 minutes time frame too. Below 150.00, the pair would face support at 149.75, 149.50 and 148.00. On the upside, resistances are at 150.40, 151.00 and 152.50.
According to the Forecast Poll, the GBP/JPY downside is limited as the experts believe the pair would close the week at 151.00 and it will extend gains into 152.76 in the month ahead.